Question
Smith's Cycles manufactures tricycles and bicycles. Smith's is considering adding various upgrades to his products and charging a premium for the upgrades. Based on the
Smith's Cycles manufactures tricycles and bicycles. Smith's is considering adding various upgrades to his products and charging a premium for the upgrades. Based on the following information, on which bicycles should he offer the upgrades if he wants to maximize his profits?
| Current Costs | Current sales price | Estimated Cost to upgrade | Estimated sales price after upgrade | |
| Tricycles | $15 | $50 | $10 | $55 |
| Children's Bikes | $25 | $80 | $10 | $99 |
| Adult Bikes | $45 | $150 | $20 | $175 |
| A. Adult Bikes only | ||
| B. Children's and Adult Bikes | ||
| C. Children's Bikes and Tricycles | ||
| D. Children's Bikes only |
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A Biodiversity Audit For Lotopue Mangrove Forests
Authors: Sapa Saifaleupolu, Fiu Mataese Elisara
1st Edition
6200288674, 978-6200288677
